Stock Market News

German exports fall more than expected

German exports fell more than expected in February, though imports managed to rise for a second month, according to data published on Wednesday by Destatis.

Specifically, exports fell 1.3% on the month after the 2.2% jump registered the prior month. Consensus had been looking for a drop of only 0.5%. Before the publication, Dankse Bank noted that it had expected some softness "as both the US and emerging markets have been weak in early 2014".

Imports on the other hand rose more than expected, advancing 0.4% from the prior month. This compared to expectations for a slight 0.1% increase and January's month-on-month rise of 4.1%.

All told, the data left the trade surplus at €15.5bn, below the €17.8bn consensus forecast and down from the revised January data of €17.3bn.

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